Russell Investments Group Ltd. decreased its position in Universal Corp (NYSE:UVV) by 1.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 259,399 shares of the company’s stock after selling 4,855 shares during the period. Russell Investments Group Ltd. owned approximately 1.04% of Universal worth $16,862,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Aperio Group LLC boosted its stake in Universal by 4.4% in the 3rd quarter. Aperio Group LLC now owns 20,948 shares of the company’s stock worth $1,362,000 after purchasing an additional 889 shares in the last quarter. United Services Automobile Association boosted its stake in Universal by 23.3% in the 2nd quarter. United Services Automobile Association now owns 6,290 shares of the company’s stock worth $415,000 after purchasing an additional 1,190 shares in the last quarter. Federated Investors Inc. PA lifted its stake in Universal by 823.6% during the 2nd quarter. Federated Investors Inc. PA now owns 1,524 shares of the company’s stock valued at $101,000 after acquiring an additional 1,359 shares during the period. Laurion Capital Management LP lifted its stake in Universal by 7.7% during the 2nd quarter. Laurion Capital Management LP now owns 24,215 shares of the company’s stock valued at $1,599,000 after acquiring an additional 1,734 shares during the period. Finally, Legal & General Group Plc lifted its stake in Universal by 3.7% during the 2nd quarter. Legal & General Group Plc now owns 69,418 shares of the company’s stock valued at $4,593,000 after acquiring an additional 2,448 shares during the period. Institutional investors own 85.15% of the company’s stock.
UVV opened at $68.50 on Friday. The company has a current ratio of 5.26, a quick ratio of 1.90 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 17.14 and a beta of 0.79. Universal Corp has a 52-week low of $45.95 and a 52-week high of $76.98.
Universal (NYSE:UVV) last posted its earnings results on Tuesday, August 7th. The company reported $0.25 earnings per share (EPS) for the quarter. The business had revenue of $379.72 million for the quarter. Universal had a net margin of 5.41% and a return on equity of 7.63%.
The business also recently announced a quarterly dividend, which will be paid on Monday, February 4th. Shareholders of record on Monday, January 7th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend is Friday, January 4th.
In other Universal news, Director John B. Adams, Jr. sold 3,000 shares of the company’s stock in a transaction dated Thursday, October 25th. The shares were sold at an average price of $67.29, for a total transaction of $201,870.00. Following the transaction, the director now owns 13,805 shares in the company, valued at approximately $928,938.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.50% of the stock is currently owned by corporate insiders.
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Universal Company Profile
Universal Corporation engages in the supply of leaf tobacco products worldwide. The company operates through North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental, and Special Services segments. It is involved in procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.
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